First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing. Tourism, mostly in Tobago, is targeted for expansion and is growing. The government is coping with a rise in violent crime.

in April 2006, the Permanent Court of Arbitration issued a decision that delimited a maritime boundary with Trinidad and Tobago and compelled Barbados to enter a fishing agreement that limited Barbadian fishermen's catches of flying fish in Trinidad and Tobago's exclusive economic zone; in 2005, Barbados and Trinidad and Tobago agreed to compulsory international arbitration under UNCLOS challenging whether the northern limit of Trinidad and Tobago's and Venezuela's maritime boundary extends into Barbadian waters; Guyana has also expressed its intention to include itself in the arbitration as the Trinidad and Tobago-Venezuela maritime boundary may extend into its waters as well

Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning. Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region. Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in 2007 as prices for oil, petrochemicals, and LNG remained high, and as foreign direct investment continued to grow to support expanded capacity in the energy sector.

elections: president elected by an electoral college, which consists of the members of the Senate and House of Representatives, for a five-year term (eligible for a second term); election last held on 11 February 2008 (next to be held by February 2013); the president usually appoints as prime minister the leader of the majority party in the House of Representatives

Supreme Court of Judicature (comprised of the High Court of Justice and the Court of Appeals; the chief justice is appointed by the president after consultation with the prime minister and the leader of the opposition; other justices are appointed by the president on the advice of the Judicial and Legal Service Commission); High Court of Justice; Caribbean Court of Appeals member; Court of Appeals; the highest court of appeal is the Privy Council in London

bicameral Parliament consists of the Senate (31 seats; 16 members appointed by the ruling party, nine by the President, six by the opposition party to serve a maximum term of five years) and the House of Representatives (41 seats; members are elected by popular vote to serve five-year terms)

elections: House of Representatives - last held on 5 November 2007 (next to be held in 2012)

Congress of the People [Winston DOOKERAN]; Democratic Action Congress or DAC [Hochoy CHARLES] (only active in Tobago); Democratic National Alliance or DNA [Gerald YETMING] (coalition of NAR, DDPT, MND); Movement for National Development or MND [Garvin NICHOLAS]; National Alliance for Reconstruction or NAR [Dr. Carson CHARLES]; People's National Movement or PNM [Patrick MANNING]; United National Congress or UNC [Basdeo PANDAY]

international: country code - 1-868; submarine cable systems provide connectivity to US and parts of the Caribbean and South America; satellite earth station - 1 Intelsat (Atlantic Ocean); tropospheric scatter to Barbados and Guyana